Sherwin-Williams Co (SHW) Position Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 354.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,540 shares of the specialty chemicals company’s stock after buying an additional 8,220 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sherwin-Williams were worth $4,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after purchasing an additional 288,492 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock worth $378,558,000 after purchasing an additional 247,553 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Sherwin-Williams by 9.6% in the 3rd quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock worth $264,514,000 after purchasing an additional 64,841 shares in the last quarter. Findlay Park Partners LLP boosted its holdings in shares of Sherwin-Williams by 21.6% in the 3rd quarter. Findlay Park Partners LLP now owns 590,341 shares of the specialty chemicals company’s stock worth $211,366,000 after purchasing an additional 105,000 shares in the last quarter. Finally, Sirios Capital Management L P boosted its holdings in shares of Sherwin-Williams by 5.5% in the 3rd quarter. Sirios Capital Management L P now owns 538,506 shares of the specialty chemicals company’s stock worth $192,807,000 after purchasing an additional 27,947 shares in the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

A number of equities analysts have recently issued reports on SHW shares. Wells Fargo & Co reiterated a “market perform” rating and issued a $400.00 price objective (up from $360.00) on shares of Sherwin-Williams in a report on Wednesday, October 25th. UBS Group upped their price objective on Sherwin-Williams from $375.00 to $395.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Raymond James Financial started coverage on Sherwin-Williams in a report on Tuesday, December 19th. They issued a “strong-buy” rating and a $496.00 price objective for the company. Moffett Nathanson started coverage on Sherwin-Williams in a report on Monday, December 4th. They issued a “buy” rating for the company. Finally, Citigroup upped their price objective on Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $417.39.

Shares of Sherwin-Williams Co (SHW) opened at $427.18 on Tuesday. The firm has a market capitalization of $40,285.79, a PE ratio of 37.57, a P/E/G ratio of 1.97 and a beta of 1.22. Sherwin-Williams Co has a fifty-two week low of $280.14 and a fifty-two week high of $435.15. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.23 EPS. equities analysts predict that Sherwin-Williams Co will post 15.02 earnings per share for the current fiscal year.

In other Sherwin-Williams news, insider Robert J. Davisson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock valued at $5,969,846 over the last 90 days. 1.69% of the stock is currently owned by company insiders.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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